Mraz Amerine & Associates Inc. Has $2.56 Million Stake in Customers Bancorp, Inc. (NYSE:CUBI)

Mraz Amerine & Associates Inc. trimmed its stake in shares of Customers Bancorp, Inc. (NYSE:CUBI) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,412 shares of the bank’s stock after selling 374 shares during the period. Mraz Amerine & Associates Inc. owned approximately 0.14% of Customers Bancorp worth $2,559,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. MetLife Investment Management LLC lifted its holdings in Customers Bancorp by 56.2% in the first quarter. MetLife Investment Management LLC now owns 16,550 shares of the bank’s stock valued at $863,000 after buying an additional 5,954 shares during the period. Rhumbline Advisers lifted its holdings in Customers Bancorp by 2.1% in the first quarter. Rhumbline Advisers now owns 80,055 shares of the bank’s stock valued at $4,174,000 after buying an additional 1,661 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Customers Bancorp by 15.8% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,104 shares of the bank’s stock valued at $1,361,000 after buying an additional 3,567 shares during the period. BlackRock Inc. lifted its holdings in Customers Bancorp by 4.6% in the first quarter. BlackRock Inc. now owns 4,837,269 shares of the bank’s stock valued at $252,216,000 after buying an additional 214,065 shares during the period. Finally, Great West Life Assurance Co. Can lifted its holdings in Customers Bancorp by 1.5% in the first quarter. Great West Life Assurance Co. Can now owns 26,354 shares of the bank’s stock valued at $1,410,000 after buying an additional 398 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Customers Bancorp

In related news, insider Glenn Hedde sold 666 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $54.20, for a total value of $36,097.20. Following the completion of the transaction, the insider now owns 69,428 shares of the company’s stock, valued at $3,762,997.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Carla A. Leibold sold 35,832 shares of Customers Bancorp stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $53.15, for a total value of $1,904,470.80. Following the completion of the transaction, the chief financial officer now owns 41,224 shares of the company’s stock, valued at approximately $2,191,055.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Glenn Hedde sold 666 shares of Customers Bancorp stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $54.20, for a total transaction of $36,097.20. Following the completion of the transaction, the insider now directly owns 69,428 shares of the company’s stock, valued at approximately $3,762,997.60. The disclosure for this sale can be found here. 9.40% of the stock is owned by insiders.

Analyst Ratings Changes

CUBI has been the topic of several analyst reports. Wedbush cut their target price on shares of Customers Bancorp from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, January 26th. Raymond James increased their target price on shares of Customers Bancorp from $65.00 to $72.00 and gave the stock a “strong-buy” rating in a report on Monday, January 29th. Jefferies Financial Group increased their target price on shares of Customers Bancorp from $61.00 to $64.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Finally, B. Riley increased their target price on shares of Customers Bancorp from $62.00 to $77.00 and gave the stock a “buy” rating in a report on Monday, January 29th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Customers Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $61.86.

Customers Bancorp Stock Up 0.2 %

Shares of CUBI stock traded up $0.10 during trading hours on Wednesday, hitting $46.45. 230,118 shares of the company were exchanged, compared to its average volume of 288,035. The business has a 50 day moving average of $51.91 and a two-hundred day moving average of $48.33. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.92. Customers Bancorp, Inc. has a 52 week low of $15.80 and a 52 week high of $60.09. The company has a market capitalization of $1.46 billion, a PE ratio of 6.35 and a beta of 1.67.

Customers Bancorp (NYSE:CUBI) last issued its quarterly earnings data on Thursday, January 25th. The bank reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.14. Customers Bancorp had a net margin of 17.23% and a return on equity of 18.75%. The company had revenue of $191.18 million during the quarter, compared to the consensus estimate of $187.87 million. Analysts anticipate that Customers Bancorp, Inc. will post 6.85 earnings per share for the current fiscal year.

Customers Bancorp Company Profile

Customers Bancorp, Inc operates as the bank holding company for Customers Bank that provides financial products and services to individual consumers, and small and middle market businesses. The company provides deposit banking products, which includes commercial and consumer checking, non-interest-bearing and interest-bearing demand, MMDA, savings, and time deposit accounts.